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The Matterhorn interview: Robert Blumen on price formation in gold

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Published : February 01st, 2013
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Category : GoldWire

Interviewed by Lars Schall for Matterhorn Asset Management's Gold Switzerland Internet site, the economist Robert Blumen explains why gold mine supply is of little relevance to the gold price, gold being largely hoarded and always available to the market rather than consumed or destroyed like other commodities. Blumen also comments favorably about GATA's complaint that Western central banks are surreptitiously active in the gold market to restrain the price. The interview is headlined "What Is Really Key for the Price Formation of Gold?" and it's posted at Gold Switzerland's Internet site here:

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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